Court Holds Terrason Spinks and Jet Processing Inc. Liable for $280 Million in Consumer Harm Caused by the IWorks Scheme

IWorks’ online marketing campaigns falsely claimed that federal grants for personal needs were generally available to consumers, and that people who used its money-making product were likely to earn substantial income. The company unlawfully enrolled consumers in membership programs without disclosing, or without disclosing clearly, that it would charge their accounts on a recurring basis until they canceled.

The court found that Spinks participated in creating IWorks’ money-making product, and that he and Jet Processing obtained merchant accounts that allowed IWorks to continue bilking consumers when payment processors were closing IWorks accounts because of high chargeback rates – reversals of charges to consumers’ credit cards.

The court’s final order bans Spinks and Jet Processing from selling grant and money-making products, and imposes a $280,911,870 judgment against them.